Finance Minister to Convene with Fintech Leaders Amid Regulatory Concerns

Finance Minister Nirmala Sitharaman is scheduled to convene with the heads of fintech firms next week to discuss the adherence to regulatory standards. This decision comes amidst recent regulatory actions faced by Paytm Payments Bank Ltd, linked to non-compliance with various norms, including Know Your Customer (KYC) guidelines. Reserve Bank Governor Shaktikanta Das has emphasized … Read more